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Sylios Corp. (UNGS)

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Last Post: 10/25/2014 4:12:45 PM - Followers: 544 - Board type: Free - Posts Today: 32

OTC:UNGS



ST. PETERSBURG, Fla. / ACCESSWIRE / August 15, 2014 / Sylios Corp (OTC Pink:UNGS), through its subsidiary, The Greater Cannabis Company, LLC, is pleased to announce that it has entered into a U.S. based licensing agreement with Artemis Dispensing Technologies ("Artemis") for the development and resell of its automated dispensing product.

Under the collaboration and license agreement, Artemis will be responsible for the development of a high end automated dispensing product. Upon launch and sales of the product, Artemis will be responsible for the installation, training and customer support for the hardware and software. The Company will be responsible for direct sales, addition of key distributors and sub-licensing of specific territories within the U.S.

Under the terms of the agreement, the Company will pay to Artemis a one-time licensing fee in the amount of $500,000.00 broken into tranches and based on development parameters. The Company has made the first payment towards the licensing agreement. Artemis will also receive a percentage of transaction fees generated on a monthly basis per unit. The Company will receive revenue generated directly from sales either though its website or sales staff, a royalty from sales generated through third party vendors/distributors, transaction based revenue and a percentage of any sub-licenses sold. In addition, the Company shall have the first right of refusal to purchase a license for the use of the same technology in other countries.

The Company's intended use of this product is solely as its first tier cannabis dispensing product. The product is scheduled to be completed and launched during the fourth quarter of 2014. As previously announced, the Company will launch its website dedicated to the new cannabis dispensing product in the very near future and anticipates presales to commence immediately thereafter.

Artemis previously entered into a Master License Agreement for the development and use of this proprietary technology focusing on automated dispensing units, inventory management and digital signage. By entering into this license agreement with Artemis, the Company has retained the full scope of technology required for launching an advanced cannabis dispensing product.

As such, the Company and Signifi have mutually agreed not to complete the acquisition as described in the Letter of Intent entered into earlier this year. Instead, the company will proceed with product development through the license agreement with Artemis. By terminating the proposed acquisition and moving forward with the licensing agreement, Management estimates that the number of shares required to be issued by the Company will be reduced by over 300 million, cash outlay for capital expenditures will be reduced by over $1.0 million and the time the Company recognizes revenue from sales cut in half.

Wayne Anderson, President of Sylios Corp, noted, "While the original plan for an acquisition and integration of the entire Signifi team was our original goal, Management strongly believes that it is in the best interest of shareholders to move forward with the licensing agreement with Artemis. The reduction in shareholder dilution will allow shareholders to benefit from the launch of the Company's cannabis dispensing product and subsequent revenue recognition in a more timely fashion."

About Sylios Corp

Sylios Corp, based in St. Petersburg, FL, is a holding corporation with operations engaged in the exploration and development oil and natural gas properties, investments in equities and corporate debt and the development of products utilized for the medical and recreational marijuana industry. Additional information can be obtained at the Company's website, www.usnatgascorp.com. The Company's website address will change to www.sylios.com.

About Artemis Dispensing Technologies

Artemis is a technology company founded with the goal of developing custom automated dispensing solutions. Its expertise is in working with verticals that require high security and temperature control and flexible payment processing technologies. Additional information can be obtained at the Company's website, www.artemisvending.com.

 

 

 






UNGS Forms "The Greater Cannabis Company, LLC" and Board Of Directors Vote For Company Name Change to reflect change of direction

 
On March 13, 2014, the Company formed The Greater Cannabis Company, LLC ("GCC") in the state of Florida. GCC will act as the
Company’s operating subsidiary for its new operation in the medical and recreational marijuana market.






 (UNGS) US Natural Gas Corp Announces Corporate Realignment and Expansion of Operations Company Forms Cannabis Subsidiary 


ST. PETERSBURG, Fla. March 17, 2014 --(OTC Pink:UNGS), an energy exploration company with operations in the Appalachian Basin is pleased to inform shareholders that the Company's Board of Directors has elected to realign its hierarchy of operations and further expand operations with the formation of a new wholly owned subsidiary. 
In an effort to more accurately reflect the Company's operations, the Board of Directors has approved several key changes to be implemented within the coming weeks. Included within these changes will be a name change to the parent Company to better reflect its role as a holding company. The Company's current subsidiaries will remain active with the possibility of name changes to one or more.

The Company has formed a wholly owned subsidiary whose operations will concentrate on the medical and recreational marijuana market in the southeast. 
Further details on the aforementioned corporate actions will be released simultaneously with the release of the Company's Unaudited 2013 Annual Report on or before March 30, 2014. 



 
 

Market Value1                 $1,095031   a/o Jun 09, 2014

Shares Outstanding      576,332,181    a/o Mar 31, 2014
Float                                233,459,081    a/o Mar 24, 2014
Authorized Shares      2,000,000,000    a/o Nov 14, 2013

Par Value     0.001


 
 
 
     
Management


Wayne Anderson, President and Chairman
 
Wayne Anderson has served as the President and Chairman of the Board of US Natural Gas since the incorporation of the company,
under the name of Adventure Energy, Inc., in March 2008. Prior to founding Adventure Energy, Wayne Anderson acted as the
Managing Member and a founding partner of Around the Clock Trading & Capital Management, LLC, an investment management
company, and the General Partner of Around the Clock Partners, LP from January 2000 through 2008. Through the fund Around the
Clock Partners, LP, Mr. Anderson has made significant key investments within the natural resources sector.
 
Mr. Anderson has been a vital source in negotiating and executing transactions for several small to mid-sized companies. From June
1997 through December 1999, Mr. Anderson was a proprietary equities trader. Mr. Anderson practiced as a Podiatric physician from
May 1993 through June 1997. Mr. Anderson studied biology at the University of Georgia from 1984 to 1987 and then attended the
Temple University School of Podiatric Medicine (formerly the Pennsylvania College of Podiatric Medicine) where he received a
doctorate of podiatric medicine (DPM) in 1991.









Sylios Corp 
 
 

The Greater Cannabis Company

Formed in March 2014, The Greater Cannabis Company, LLC will act as the Company’s operating subsidiary for its recently launched operations in the medical and recreational marijuana market. The Company will look to represent a line of premier products through licensing agreements, development, acquisitions and joint ventures.

Recent Accomplishments

The Company recently entered into a U.S. based licensing agreement with Artemis Dispensing Technologies for the development and resell of its automated dispensing product. Under the collaboration and license agreement, Artemis will be responsible for the continued development and completion of the automated dispensing product. Upon launch and sales of the product, Artemis will be responsible for the installation, training and customer support for the hardware and software. The Company will be responsible for direct sales, addition of key distributors and sub-licensing of specific territories within the U.S.

Domains

The Company has registered several domain names associated with the medical and recreational marijuana market. A few of the Company's domain names include:

  • cannabisdepot.us
    marijuanadepot.us
    potdepot.us
    weedapothecary.com
    weedpharmacy.us
    420somewhere.us

 

MUST SEE NEW WEBSITE
CLICK HERE


http://www.sylios.com/subsidiaries/the-greater-cannabis-company
 
 

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The Company will launch its new e-commerce store for showcasing products geared towards the medical and recreational marijuana industry. The e-commerce store will go live during the month of September and can be found at www.greatercannabiscompany.com.




 


 

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UNGS News: Investor Updates on Growth Companies in the Small Cap Arena and Special Profile by SmallCapTraders.com 07/16/2014 10:30:00 AM
UNGS News: US Natural Gas Corp Announces Approval of Name Change and Effective Date 06/19/2014 09:45:00 AM
UNGS News: US Natural Gas Corp to Acquire Signifi Solutions Inc. 04/30/2014 09:29:27 AM
PostSubject
#50450  Sticky Note http://www.greatercannabiscompany.com/ UNGS $$$$$$$$ Trimdaddy50 10/24/14 03:23:25 PM
#42548  Sticky Note CEO Update to Tom's post: bullrams 08/15/14 05:37:00 PM
#50533   http://www.youtube.com/watch?v=tclnwQNR6RA luckeyone 10/25/14 04:12:44 PM
#50532   The dominoes effect. Trimdaddy50 10/25/14 02:35:30 PM
#50531   The f@@k Lucky40 10/25/14 02:21:19 PM
#50530   http://mmjbusinessdaily.com/russian-cannabis-firm-buys-ebola-com-for-200k/ Trimdaddy50 10/25/14 02:16:50 PM
#50529   if u have anything to add that share rottweiller 10/25/14 02:07:09 PM
#50528   It sure does ! I wonder if happycampers 10/25/14 01:25:51 PM
#50527   Makes one say hmmmmnn.... Videon 10/25/14 01:15:59 PM
#50526   They look identical to me. Trimdaddy50 10/25/14 01:15:10 PM
#50525   Just say when and I'll dump my 28 Trimdaddy50 10/25/14 01:06:49 PM
#50521   Good I'll take them! Need to feed my Jaxon2010 10/25/14 11:31:04 AM
#50519   Agreed. retireat40 10/25/14 11:14:18 AM
#50518   That would be your best move IMO retireat40 10/25/14 11:13:53 AM
#50517   Interesting video gwinis. Did you notice the growers Videon 10/25/14 11:07:58 AM
#50516   yep I'm going to dump my 37 million Shon7 10/25/14 10:49:29 AM
#50515   Well,you can always leave if you think he's happycampers 10/25/14 10:42:15 AM
#50514   Ohhhh reaaaally, is that the plan now? Ungs Regiment 10/25/14 10:36:29 AM
#50513   Five days off - OH MY GOD !!!! happycampers 10/25/14 10:19:50 AM
#50512   Which was supposed to have been released 5 retireat40 10/25/14 10:18:01 AM
#50511   One last thing : I was quite happy happycampers 10/25/14 10:17:34 AM
#50510   I agree. I think we've weathered the storm happycampers 10/25/14 09:17:45 AM
#50509   We are good here!!!!! IMO sometimes ya have Jaxon2010 10/25/14 09:03:08 AM
#50508   yesterday's release of the website gave me some happycampers 10/25/14 08:39:55 AM
#50507   thanks - I had to get over my happycampers 10/25/14 08:33:52 AM
#50506   I get one post per day. GO UNGS gwinis 10/25/14 08:31:45 AM
#50505   Dam nice to see your positive attitude back happy!!!!!lolzzzzz Jaxon2010 10/25/14 08:03:22 AM
#50504   Yes, just like in the gold rush, when happycampers 10/25/14 07:19:28 AM
#50503   it doesn't need one it sells items for rottweiller 10/25/14 07:01:48 AM
#50502   I should have slapped those .0004s today. Cleared 1990Flstf 10/25/14 01:10:50 AM
#50501   http://miamiherald.typepad.com/nakedpolitics/2014/10/tv-personality-and-veterans Trimdaddy50 10/24/14 11:38:53 PM
#50500   Those kiosk are going to sell mmj where Joedtrader 10/24/14 11:22:07 PM
#50499   Not a fan of the progress here for Regiment 10/24/14 11:17:34 PM
#50498   It is? Why do you think so? I Regiment 10/24/14 11:12:17 PM
#50497   Yes UNGS LONG Lucky40 10/24/14 11:06:17 PM
#50496   Yay!!! This company is legit!!! Perfect timing for Joedtrader 10/24/14 10:40:23 PM
#50495   The Nation! Flex... Winner winner.. Chicken Dinner..Ungs structengr 10/24/14 10:37:00 PM
#50494   The Greater Cannabis Company ("GCC") was formed in Trimdaddy50 10/24/14 10:26:18 PM
#50493   Hey struc, who showed you the reds we Jaxon2010 10/24/14 08:14:38 PM
#50492   They are setting the table now preparing for mazo 10/24/14 07:18:14 PM
#50491   Fun man!!! Jaxon2010 10/24/14 07:09:09 PM
#50490   Lol!!! Jaxon2010 10/24/14 07:08:31 PM
#50489   yep a few days ago when that happened Shon7 10/24/14 06:20:53 PM
#50488   Insiders.. with that being said i wouldnt doubt structengr 10/24/14 06:05:28 PM
#50487   yes I am absolutely happy the fact that Shon7 10/24/14 05:37:04 PM
#50486   IMO the fact that there is no mass skills3 10/24/14 05:18:01 PM
#50485   todays news was just what we needed to rottweiller 10/24/14 04:50:44 PM
#50484   WE'LL make it. Just need News. The Apostle 10/24/14 04:34:23 PM
#50483   I agree. But now News and we get The Apostle 10/24/14 04:28:17 PM
#50482   Agreed. Makes no difference whether we closed 0.0003 rmuncast 10/24/14 04:09:58 PM
#50481   No big deal today was a good day Shon7 10/24/14 04:06:22 PM
#50480   No need we know where we headed . Lucky40 10/24/14 04:02:56 PM
PostSubject